Employer Plans

A good employer-sponsored retirement plan can give your company a competitive edge in recruiting and retaining top-performing employees.

Defined Benefit Pension – Allows employers to contribute money on a quarterly basis toward a predetermined retirement benefit for each employee based on age and compensation up to $220,000 for 2018.

Profit Sharing Plan – Employers may make discretionary annual contributions into employee retirement accounts up to 25% of each employee's salary or a maximum of $55,000 for 2018.

401(k) Plan – Enables employees to defer taxes on annual contributions of up to $18,500 (as of the 2018 tax year). Those over 50 may make additional annual catch-up contributions of $6,000. Employers may make matching or non-elective contributions. Earnings accrue on a tax-deferred basis.

403(b) Custodial Account – Similar to a 401(k), this plan gives employees of educational, scientific, charitable or religious organizations an option to save for retirement while deferring taxes on contributions and earnings.

Money Purchase Pension Plan – Similar to a profit sharing plan, but the employer makes fixed contributions up to the lesser of 25% of compensation or the 2018 maximum of $55,000 into retirement accounts for employees.

For businesses, nonprofits, and government agencies, First Hawaiian Bank offers specialized solutions and support that help you manage investments, oversee custodial accounts, and provide employee benefits.

Find out how retirement planning can help you or your business. For an appointment or more information, call us at (808) 525-5159 or toll free at (877) 643-4344 or visit any conveniently located First Hawaiian Bank branch and ask to speak to a Wealth Advisor.

First Hawaiian Bank Wealth Management Group provides financial products and services through First Hawaiian Bank and its broker dealer Raymond James Financial Services. First Hawaiian Bank and its affiliates do not provide tax or legal advice.

First Hawaiian Bank products and services are not available for residents of the European Union.

The insurance and annuity products are obligations of the insurance company and (i) are not insured by the FDIC or any other agency of the United States; and (ii) are not deposits or other obligations of, or
guaranteed or insured by, First Hawaiian Bank or any of its affiliates. For certain cash value life insurance products there is investment risk, including the possible loss of value.

Investment, Annuity, and Insurance products are:NOT INSURED BY FDIC OR ANY GOVERNMENT AGENCY • MAY LOSE VALUE • NOT A DEPOSIT • NOT GUARANTEED BY FIRST HAWAIIAN BANK